Greggs plc (GRG) Announces GBX 10.30 Dividend
Greggs plc (LON:GRG) announced a dividend on Tuesday, August 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 7th will be paid a dividend of GBX 10.30 ($0.13) per share on Friday, October 6th. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, September 7th. The official announcement can be accessed at this link.
Shares of Greggs plc (GRG) traded up 1.33% during mid-day trading on Friday, hitting GBX 1219.00. The stock had a trading volume of 112,804 shares. The firm has a 50 day moving average of GBX 1,138.32 and a 200-day moving average of GBX 1,080.15. Greggs plc has a one year low of GBX 891.17 and a one year high of GBX 1,223.00. The stock’s market cap is GBX 1.23 billion.
A number of brokerages have recently issued reports on GRG. Shore Capital reaffirmed a “hold” rating on shares of Greggs plc in a research note on Wednesday, August 9th. Berenberg Bank raised Greggs plc to a “buy” rating and lifted their price target for the stock from GBX 1,020 ($13.19) to GBX 1,300 ($16.81) in a research note on Thursday, August 10th. Finally, Investec reaffirmed a “buy” rating and issued a GBX 1,225 ($15.84) price target on shares of Greggs plc in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 1,145 ($14.81).
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Greggs plc Company Profile
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company’s products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop. The Company also provides frozen bakery products to its wholesale customers. The Company owns approximately 1,698 shops, 12 regional bakeries, one distribution center and one manufacturing center.
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